MasterCard Senior Counsel, Regulatory Affairs in Purchase, New York
We work to connect and power an inclusive, digital economy that benefits everyone, everywhere by making transactions safe, simple, smart and accessible. Using secure data and networks, partnerships and passion, our innovations and solutions help individuals, financial institutions, governments and businesses realize their greatest potential. Our decency quotient, or DQ, drives our culture and everything we do inside and outside of our company. We cultivate a culture of inclusion (https://www.mastercard.us/en-us/vision/who-we-are/diversity-inclusion.html) for all employees that respects their individual strengths, views, and experiences. We believe that our differences enable us to be a better team – one that makes better decisions, drives innovation and delivers better business results.
Senior Counsel, Regulatory Affairs
Mastercard’s Global Regulatory Team is looking for a Senior Counsel to support product specialists in our New Payments Platforms division to deliver solutions involving the transfer of money for transactions that go beyond traditional purchases of goods/services at point of sale. The ideal candidate for this global role is an expert on the regulations that apply to account-to-account flows and cross-border payments, particularly G2C or B2C disbursements, push payments (including QR initiated), remittances and business payments.
• Acting as regulatory counsel to Mastercard’s New Payments Platforms group, including advising on product implications of relevant regulation applicable to money transfers between accounts, both domestic and international.
• Participate in the development and execution of regulatory strategy associated with account-to-account and cross-border activities
• Participate in the product development process to ensure compliance with applicable regulation and licensing requirements
• Developing global insights to be provided to Executive Management on the regulatory implications of these strategic initiatives
• Review and analyze regulatory advice for advancing these strategic initiatives
• Work closely with global and regional Mastercard regulatory and product counsel, as well as external counsel, to provide advice as to applications for new licenses, supervisory matters, compliance, examinations and systems of control related to compliance with licensing requirements.
• Providing related support to Mastercard’s Franchise and Anti-Money Laundering groups.
• Monitoring for relevant regulatory change and working in close coordination with internal stakeholders in determining the impact of regulatory changes.
• Building and maintaining a strong working knowledge of laws and regulatory themes relating to payments, money transfer, e-commerce, banking/ financial services, data sovereignty, domestic payment schemes and anti-money laundering.
• Advocacy including coordinating and drafting submissions, talking points and other materials as part of advocacy processes.
• Supporting the integration of relevant acquired businesses to scale Mastercard capabilities in the account-to-account space.
All About You
The successful candidate must have the following knowledge, skills and experience:
• JD from an established and reputable law school
• Track record of success in legal practice in fields drawn from regulation, technology, finance, corporate, commercial and anti-trust at an international law firm or regulator
• Experience in a regulatory affairs and/or product counsel role in a financial services or payments organization
• Proven success in navigating multi-national organizations and operating effectively within a diverse multicultural organization
• Must demonstrate a proactive, time sensitive, results driven approach in carrying out all duties, obligations and responsibilities
• Excellent written and oral communication skills a must.
Due to COVID-19, most of our employees are working from home. We’ve implemented a virtual hiring process and continue to interview candidates by phone or video and are onboarding new hires remotely. We value the safety of each member of our community because we know we’re all in this together.
Mastercard is an inclusive Equal Employment Opportunity employer that considers applicants without regard to gender, gender identity, sexual orientation, race, ethnicity, disabled or veteran status, or any other characteristic protected by law.
If you require accommodations or assistance to complete the online application process, please contact firstname.lastname@example.org and identify the type of accommodation or assistance you are requesting. Do not include any medical or health information in this email. The Reasonable Accommodations team will respond to your email promptly.
Corporate Security Responsibility
Every person working for, or on behalf of, Mastercard is responsible for information security. All activities involving access to Mastercard assets, information, and networks comes with an inherent risk to the organization and therefore, it is expected that the successful candidate for this position must:
• Abide by Mastercard’s security policies and practices;
• Ensure the confidentiality and integrity of the information being accessed;
• Report any suspected information security violation or breach, and
• Complete all periodic mandatory security trainings in accordance with Mastercard’s guidelines.
Requisition ID: R-137913